Industry and Minerals: We Seek to Privatize All Industrial Companies in 2011

Baghdad Ministry of Industry & Minerals in Iraq, on Monday, which works according to plan for the privatization of industrial enterprises next year.

Minister of Industry & Minerals Fawzi Hariri said the Kurdish news agency ( Rn), “The Ministry is working to privatise all industrial firms under Iraqi law for the promotion of industry in the country if the availability of legal & regulatory environment & public support for it. “

Al-Hariri explained that “the reality of work in industrial enterprises of the Ministry is facing many problems highlighted Mort from the reality of industrial damaged & dilapidated & must be integrated industrial policy the government bring the parties to promote the country.”

He added that “the work of the Ministry of Industry in the previous 4 years was part of the available funds provided by the Ministry of Finance, so we hope to give the next government needs the Ministry to promote the reality of the country’s industrial assets & supportive legal legislation to the domestic industry . “

And the “most important problem by the Ministry of Industry & Minerals is the loss development factors, the true reality of industries in the country & allow the importer of the product to enter without restrictions, as the professional. “

Economists believe that Iraq has lost the last 4 years more than $180,000,000,000 for goods imported from abroad.

Minister of Industry & Minerals said that “the privatization of industrial companies require mediation of inter-governmental efforts from all parties to promote the work by companies, factories & service.”

And the longer the Ministry of Finance in November 12/ October, the Ministry of Industry & minerals to work to transform its member associations to self-finance companies to cover costs for their employees.

And the Ministry of Industry announced earlier that it will convert more than 15 companies to profitable companies early next year, after converting the 13 companies this year to profitable companies.

The system itself needed to finance the state to pay 60% of staff salaries, compared with 40% self-financed production of some government institutions. And the Ministry of Industry announced earlier that it’s more than fifteen companies to set profitable companies early next year, after converting the thirteen companies this year to profitable companies.

She has managed the Ministry of Industry rehabilitate 173 of 184 laboratories. According to confirmations from the Ministry.